Is 48849, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, 48849 has remained a Seller's Market.
Housing Prices in 48849, MI
How much do homes in 48849, MI cost?
Median Sold Price
$218,000
$150/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in 48849 was $218,000 in April 2024, up 17.8% from last year, and the median price per square foot was $150.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $167.5K | N/A |
2 Bedrooms | $174.2K | $250K | +43.5% |
3 Bedrooms | $175K | $202K | +15.4% |
4 Bedrooms | $185K | $236.5K | +27.8% |
5+ Bedrooms | $242.4K | $162.6K | -32.9% |
Summary: 48849 housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 43.5%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 27.8%, and 5+ bedroom homes decreased by 32.9%.
Median Sold Price Compared To Nearby Zip Codes
48849 | $185K | $218K | +17.8% |
48881 | $267.4K | $264K | -1.3% |
Housing Supply in 48849, MI
How many homes are available in 48849, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 12 | +20.0% |
Summary: The 48849 real estate market had 12 homes for sale in April 2024, a 20.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 1 | -50.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 2 | 5 | +150.0% |
5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The 48849 housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 150%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 3 | -25.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 3 homes were sold or pending in 48849 in April 2024, down by 25.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for 48849, MI
How long does it take to sell a home in 48849, MI?
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in 48849; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.